INDEPENDENCE

Macleod Corporation Pty Ltd and its employees will observe the Accounting Professional and Ethical Standard APES110 Code of Conduct, without exception, and understand the Code is based upon the following fundamental principles:

Integrity: members must be straightforward and honest in professional and business relationships, and apply principles of fair dealing and truthfulness. Members should not be associated with information they believe is materially false, furnished recklessly, or misleading.

Objectivity: members must not compromise their professional or business judgement because of bias, conflict of interest or the undue influence of others. Relationships that bias or unduly influence the professional judgement, or impair objectivity, of the member should be avoided.

Professional Competence and Due Care: members must maintain professional knowledge and skill at the level required to ensure that clients or employers receive competent professional service. Members must act diligently in accordance with applicable technical and professional standards when providing their services (Section 130).

Confidentiality: members must refrain from disclosing outside the firm or employing organisation, confidential information acquired as a result of professional and business relationships without proper and specific authority from the client or employer or unless there is a legal duty to disclose. Members must refrain from using confidential information, acquired as a result of professional and business relationships, to their personal advantage or the advantage of third parties.

Professional Behaviour: members must comply with relevant laws and regulations and avoid any action or omission that may bring discredit to the profession. Members should be honest and truthful and should not bring the profession into disrepute.

At Macleod Corporation Pty Ltd we are certain that our independent financial audit can be relied upon to satisfy our clients statutory obligations.

Macleod Corporation Pty Ltd must be and “appear to be” independent of any audit client. To this end:

No services will be provided by Macleod Corporation Pty Ltd to audit clients that will result in a conflict of interest;

Macleod Corporation Pty Ltd, and its related parties may not hold any shares or options, either directly or indirectly, in an audit client;

Macleod Corporation Pty Ltd, and its related parties may not have received or provided any funds by way of a loan or other form of capital from any audit client;

Macleod Corporation Pty Ltd, and its related parties may not hold a position as accountant, manager, director or executive of an audit client, this includes close relatives friends and acquaintance of a member of the audit staff; and

Under no circumstances may Macleod Corporation Pty Ltd, or its related parties assume the role of management or any other role where advocacy is provided to audit clients.

If your business requires an auditor and you are based anywhere in Western Australia or the Northern Territory, then please contact Paul Gilbert from Macleod Corporation on 0412 375 667 or email paul@nullmacleodcpa.com.au for a no obligation fixed fee quotation.